The GBPUSD gathers the positive momentum – Analysis - 09-09-2019
Economies.com
2019-09-09 04:42AM UTC
The GBPUSD pair fluctuates around 1.2267 level and still above it, noticing that stochastic got rid of its negativity to enter the oversold areas, waiting to motivate the price to rebound bullishly to resume the expected bullish trend on the intraday basis, which its next target located at 1.2400.
Note that breaking 1.2267 followed by 1.2207 will put the price under the negative pressure again, to resume the main bearish trend that its next target located at 1.2015.
The expected trading range for today is between 1.2200 support and 1.2380 resistance.
The expected trend for today: Bullish
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